I think doing them is simply necessary.

After the last rate cut the price of oil hit the $100/ barrel mark.

Also, when buying an existing business, it should be an “Asset” purchase, not asset and liabilities… Ask an attorney for help here… You are simply buying the "stuff" the company owns… Then you form a new entity (Corp, LLC etc) and name it very similar to the old name, so you can retain the customer base.

What I am saying is I think the 15-day thing is probably state statute, but the lender can probably take it up to the sale, postpone the sale, or simply cancel it.

If you are thinking about purchasing or refinancing a commercial property.In an unprecedented move, the FED cut its core indexes in a intra-meeting by 75 basis points (3/4 of a point or .75%---the last time the govie did this was after 9/11).

What I was simply saying is that I would not want to risk “everything” by having a bank (that had given me a loan) have my LLC and it's assets as collateral….

Also sounds like they are controlling the conversations and not you… You are the buyer, you should be in control and asking them the questions… They as the seller should be “selling” you on why you should buy their property… But it sounds like instead they are confused to who you are and what it is you do… In their eyes… you should be simply a possible buyer… Any more than that, it can and will create confusion.All for now… Good luck!

The 2% rule is simply a screening tool that says that you need the monthly gross rents to be about 2% of the acquisition cost of a rental (purchase price + rehab).

I am just not to sure how cut throat this business is???

He says that we can go ahead and close now with a low interest rate, and then simply reamoratize when we sell our old home to reduce the payments for a fee ranging from $300 to about $1200.